124 W Lucille AveNowataOK74048
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Nowata at 124 W Lucille Ave, Nowata, OK, 74048 generates $879/mo in rent and, after a $538/mo payment, leaves $177/mo in cash flow. Total monthly income is $879/mo, and annual cash flow is $2,125/yr on $36,432 invested. Return on cash invested sits at 25.74% in year one, and rental yield is 9.6% on a $109,900 entry. Equity gained on principal adds $709/yr, while 5% annual appreciation builds toward $30,363 over five years. Five-year ROI reaches 134.56% and total cumulative return in cash sums $49,024. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $879/mo property income rather than buyer’s personal income.
Manufactured
Built in 1997
8,537 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74048, Nowata, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,537 (100%) |
| Owner Occupied HU | 1,514 (59.7%) |
| Renter Occupied HU | 672 (26.5%) |
| Vacant Housing Units | 351 (13.8%) |
| Median Home Value | $154,321 |
| Average Home Value | $211,367 |
Housing Distribution
Address Breakdown
Residential
2,560
Single Family
2,459
Multi-Family
101
Businesses
266
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